According to research reports, the global thermal spray paint market will reach 14.99 billion US dollars by 2025. The expanding range of applications, such as wear and corrosion protection, low toxic gas emissions, thickness and resistance, etc., for the thermal spray coating The market has brought new vitality.
About thermal spray coating market
These include aerospace precision components, automotives, medical instrumentation and industrial gas turbines. The use of thermal spray coatings in the biomedical and medical device industries will help improve their abrasion resistance and improve biocompatibility, as well as denture implants help.
The ever-expanding range of applications, including ships, locomotives, tanks, helicopters and motorcycle gas turbines, has also accelerated the market for thermal spray coatings, and polymer and metal thermal spray coatings are typically given in powder The form is used on industrial gas turbine blades.
The biggest application - ceramic
Ceramics is the largest application area for its benefit, with the ceramic industry accounting for 30.1% of the global market in 2016. Ceramics is mainly used in the biomedical industry and it is expected that this will be the market for thermal spray paint in the next seven years Bring good factors.
The global market for thermal spray coatings is expected to grow significantly due to the impact of the aerospace and automotive industries, and the growing demand for corrosion-resistant coatings in both industries will be the main engine of growth for the market. Meanwhile, industrial coatings, abrasion-resistant coatings Layers, biomedicine, food processing, electrical and electronics, semiconductors and energy will also have a positive impact on the market.
At the same time according to the report, but also the following:
The global market value of thermal spray coatings for 2016 was US $ 8.33 billion, according to statistics, this figure will increase due to the growing demand in the automotive industry.
Revenue growth in medical applications was the fastest, with a CAGR of 7.8% from 2017 to 2026 due to increased demand for better healthcare facilities and hospitals.
The field of ceramics is the highest-paid field in 2016 and will also see steady growth in the coming years, with a projected 4.6 billion U.S. dollars by 2025.
Due to the strong growth of medical, oil and gas industries, the industry in the Asia Pacific region will see substantial growth in the next eight years, especially in India and China, with a compound annual growth rate of 7.9% from 2017 to 2025.
Key players in the thermal spray coating market are Praxair, Air Products, Cincinnati Thermal Spray and TWI.